Close Menu
John Mahama News
  • Home
  • Ghana News
  • Anti-Corruption
    • Corruption Watch
  • Economic
    • Education & Innovation
  • Environmental
    • Governance & Policy
  • Health & Welfare
    • Historical & Cultural Insights
    • Infrastructure & Development
    • International Relations
  • Ministerial News
    • Presidential Updates
  • Public Opinion
    • Regional Governance
      • Social Issues & Advocacy
      • Youth & Sports
What's Hot

Breaking barriers and building networks: AT’s Chief Business Officer on gender equality in digital transformation

May 23, 2025

I struggle to eat, pay my children’s school fees — Chairman Wontumi on frozen accounts

May 23, 2025

Mahama’s display of thuggery will not intimidate NPP but awaken our soul — Dr. Ekua Amoakoh

May 23, 2025
Facebook X (Twitter) Instagram
Trending
  • Breaking barriers and building networks: AT’s Chief Business Officer on gender equality in digital transformation
  • I struggle to eat, pay my children’s school fees — Chairman Wontumi on frozen accounts
  • Mahama’s display of thuggery will not intimidate NPP but awaken our soul — Dr. Ekua Amoakoh
  • Nigeria’s ruling party endorses President Tinubu for 2027 re-election
  • Undermining US Soft Power, Academic Freedom, Global Leadership
  • Total mobile money transactions hit GH₵365bn by April 2025
  • Stop saying Mahama is removing Torkonoo; he didn’t write the petitions — Kwame Jantuah slams NPP
  • Alleged Secret Meeting: ‘There are more videos’
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
John Mahama News
Friday, May 23
  • Home
  • Ghana News
  • Anti-Corruption
    • Corruption Watch
  • Economic
    • Education & Innovation
  • Environmental
    • Governance & Policy
  • Health & Welfare
    • Historical & Cultural Insights
    • Infrastructure & Development
    • International Relations
  • Ministerial News
    • Presidential Updates
  • Public Opinion
    • Regional Governance
      • Social Issues & Advocacy
      • Youth & Sports
John Mahama News
Home » Ghana’s 450,000 barrels of light crude oil may only last 16 days

Ghana’s 450,000 barrels of light crude oil may only last 16 days

johnmahamaBy johnmahamaMay 23, 2025 Infrastructure & Development No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


JoyNews Research estimates that the 450,000 barrels of light crude oil, which arrived in Ghana on Monday, May 19, 2025, are likely to last no more than 16 days. That sets June 4, 2025 as the next critical date by which new fuel must arrive or the country might experience electricity generation shortfall.

The calculation is based on precedent. In 2022, when Ghana faced a similar disruption, the Energy Ministry stated that 550,000 barrels of light crude oil would be needed to support thermal generation for 20 days.

“Because of the anticipated gas supply outages, it will be necessary to make provision for about 550,000 barrels of LCO to support the operation of about 850 MW generation capacity for a period of 20 days,” the Ministry said at the time.

Adjusting for volume, 450,000 barrels would then sustain operations for around 16 days. But two critical caveats apply.

First, the severity of the gas shortfall. If gas supplies are heavily constrained, the crude will be consumed faster and the projected 16-day window could shrink to 12 or 14 days. If the shortage is milder, the fuel could last slightly longer.

Second, the rising demand for electricity. Ghana’s power consumption in 2022 stood at 22,478 GWh. That figure is projected to increase by 14% in 2025 to 25,836 GWh.

This means that even with the same fuel supply, today’s higher demand results in a faster burn rate. That makes it unlikely the current stockpile will last the full 16 days under normal operating conditions.

Timing for the next batch of fuel is essential. Of Ghana’s 15 thermal plants, which account for 70% of total generation, 8 rely on light crude oil when gas supply is disrupted. Ensuring continuous procurement before June 4 is necessary to prevent load shedding.

Unless gas supplies are restored promptly, Ghana will need not only more barrels but also more money to secure them early and consistently, especially since liquid fuel is more expensive than natural gas.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.



Source link

johnmahama
  • Website

Keep Reading

Total mobile money transactions hit GH₵365bn by April 2025

Auditor-General to submit interim report on contractor claims for payments to begin- Finance Minister

The 8-Step process to buy a house in Ghana

Agile working in Ghana– hype or game changer?

Navigating Ghana’s economic horizon – Monetary Policy in a sea of positive signals

‘But for mining, Ghana wouldn’t be here today’ – Chamber of Mines CEO laments neglect

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

BoG maintains policy rate at 28% to tame inflation risks amid cedi gains

May 23, 2025

Retail market sees Cedi improves to GHS12.19 per dollar on May 23

May 23, 2025

The Strategic Case for a Ghana Food-Security Bond: Dr Maxwell Ampong writes.

May 23, 2025

E-Levy could return amid growing digital economy – GAB’s John Awuah hints

May 22, 2025
Latest Posts

Binance Wallet Hits $5B in Daily Volume as Binance Alpha Enhances User Experience in Web3 with Discovery, Access, and Rewards

May 22, 2025

Digital technology – A game changer for Ghana’s agricultural input distribution

May 21, 2025

National Communications Authority celebrates World Telecommunication and Information Society Day

May 19, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Welcome to JohnMahama.news, your trusted source for the latest news, insights, and updates about the President of Ghana, government policies, and the nation at large. Our mission is to provide accurate, timely, and comprehensive coverage of all things related to the leadership of Ghana, as well as key national issues that impact citizens and communities across the country.

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 johnmahama. Designed by johnmahama.

Type above and press Enter to search. Press Esc to cancel.